Online Broker vs Financial Advisor Differences and Similarities

In the world of financial services, there are a number of different entities. Each individual entity provides a specific service. Finding the right entity for your needs is vital.

At CAPEX, we hope to bring your attention to the similarities of an online broker vs financial advisor. In the same breath, we’ll also outline the differences between the two. This will provide you with the foresight needed to make use of the entity you deem as being most important to your requirements.

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Access to over 2,100 CFD instruments

At CAPEX, we understand that each trader may have a different preference when it comes to asset classes and instruments. With this in mind, you can trade 8 different asset classes; including bonds, indices, Forex, cryptocurrency, ETFs, stocks, blends, and commodities CFDs.

All in all, you can trade over 2,100 different CFD instruments via the CAPEX platform. Gain access to global exchanges 24/5 as you use our high-powered platform to trade. The options are limitless and you’ll be able to gain exposure in multiple markets when you sign up with us.

Elaborate MetaTrader 5 trading platform

The latest MetaTrader 5 (MT5) trading platform on our site has been designed with attention to detail. As such, you are able to make use of a platform that has incorporated a range of innovative features and tools. Utilise a variety of technical and fundamental indicators while running 10 charts simultaneously. The overall infrastructure and software is so advanced that you’ll be able to execute trades within a tenth of a second.

Plus, one of the best MT5 trading apps can be used across devices by using our latest functionality settings. What’s more is that you can make use of our latest app for all trading purposes. This provides you with ease-of-access whenever you wish to trade or simply analyse market movements.

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Online brokers and financial advisors explained

Online brokers explained

Many of you may have heard of an online broker or already want to know how to choose an online broker. The idea of an online broker is to provide trading services to individual traders. In this day and age, there are a wide number of easily-accessible broker platforms. These platforms can be accessed via a web platform, by utilising a personalized trading platform such as an MT5 trading platform, or via a trading app. On these platforms it is possible to open and close positions on a number of different instruments.

A broker platform provides you with a range of features and tools which allow you to analyse different exchanges and markets. All of which empowers you to control your trades to a much wider degree.

At CAPEX, we act as an online broker for all your trading needs. You’ll find a range of compelling resources and a dynamic trading platform that allows you to trade instruments on a daily basis.

Financial advisors explained

When it comes to financial advisors, you’ll notice that their services may well extend further than that of an online broker. Over and above facilitating day-to-day trading, advisors are expected to provide their own insights. This culminates in trading approaches or financial plans that are related to individual clients.

These plans extend further than just trading strategies and include how a client should handle his/her savings and overall financial budgets. It may even include varying tax strategies depending on the client in question. Thus, a financial advisor has an overarching obligation or opportunity to provide clients with financial advice that stems beyond investments.

At CAPEX, we have included a range of resources that have been crafted by financial analysts. However, this pertains to online trading rather than insights into personal financial management.

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The key similarities of an online broker vs financial advisor

You’ll come to find that there may be slight similarities between an online broker vs financial advisor. However, bear in mind that there are also major differences when considering an online broker vs financial advisor.

Ultimately, the key differences between the two is what makes for interesting reading. The similarities between these two entities comes down to the fact that they operate within the financial services industry. As such, both entities exist in order to provide some sort of financial service – be it online trading or long-term financial advice. Thus, it’s important that both are licensed within their respective statutes to provide the underlying service at hand.

Both entities must cater to client needs and wishes

One of the major similarities between an online broker vs financial advisor is that both parties must adhere to the client’s wishes, which is one of our main values at CAPEX. It is not allowed for either one to provide any type of advice that is in clear conflict with what the client wants. Thus, it’s important to facilitate a seamless exchange with the best interests of the client at heart.

 

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Trading with CAPEX.com

The great thing about CFD trading online is that you can do it anywhere there is a secure internet connection. Inevitably, this means that mobile trading has proven particularly popular as traders can conveniently open and close positions from their mobile or tablet as and when it suits them.
Discover the functionality to ...
Trade more than 2,100 CFDs
Trade more than 2,100 CFDs
Manage your investment horizon
Manage your investment horizon
Set take-profit or stop-loss limits
Set take-profit or stop-loss limits
Open short and long positions
Open short and long positions
No fees for opening and closing positions
No fees for opening and closing positions
Trade with and without leverage (StoX)
Trade with and without leverage (StoX)
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Important differences between online brokers and financial advisors

Differences in fees

When it comes to fee structures, you’ll find that there is a difference between an online broker vs financial advisor. When you use an online broker, you’ll pay a commission for opening or closing trades via the respective platform. This is the main fee to take into account. Yes, you may come across account management fees and such. Online brokers will charge a commission rate for facilitating the underlying trade.

A financial advisor will provide financial advice using a fee-based service. You are required to pay a financial advisor for the service of providing you with insights into how you should manage your money and/or invest it.

Contrast in regulatory oversight

An online broker should be regulated by a financial authority. You’ll find that we, at CAPEX, are regulated by the Cyprus Securities and Exchange Commission (amongst others). However, the overall regulatory oversight is not as over-burdening. Financial advisors are subject to a higher standard of regulation for the most part. Thus, they need to obtain a more in-depth legal financial license in order to provide financial advice to clients.

Scope of services

The scope of services also differs by and large. An online broker will enable you to access exchanges whereby you can trade instruments. Thus, an online broker facilitates the activity of opening and closing trades online. A financial advisor has a wider scope in terms of financial oversight. An advisor can provide services that pertain to more than just online trading to include overall personal wealth accumulation and management.

 

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Why we, at CAPEX, are a great option as an online broker

At CAPEX, our experts understand the inner-workings of online trading sites and the requirements needed to provide a comprehensive package. Thus, it is with great excitement that we are able to bring you our latest online broker platform. With the full range of trading services on offer, you’ll be able to navigate exchanges using integrated tools, news coverage, and insider tips. We also provide support throughout the day for all customers and are committed to helping you become a more well-rounded online trader. CAPEX is a great option when comparing to financial advisors, and even online broker vs. robo advisor.

Our latest trading platform (MT5) is user-friendly and facilitates 24/5 access to exchanges that allow you to trade a host of different CFD instruments. With each individual trader in mind, the platform itself is customizable – allowing you to put personal touches on your trading layout. If you choose us as your chosen online broker, you’ll be certain to have a broker that tends to your trading requirements around the clock.

Conclusion – Online broker vs financial advisor

We hope that you have gained further insights into the key similarities and/or differences that prevail when assessing an online broker vs financial advisor. At CAPEX, we strive to act as your number one online broker. To this end, we have ensured that our latest trading platform and subsequent services allow you to access global exchanges with the necessary know-how. Sign up with CAPEX today and you’ll reap the benefits of using an established online broker.

Online Broker vs Financial Advisor – FAQ

💪What is an online broker?
👉What is an online financial advisor?
✅Are there any similarities between an online broker vs financial advisor?
🔖How do I sign up to an online broker?
🤔Do I need to pay a financial advisor any fees?
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money. Trading through an online platform carries additional risks. Refer to our Regulation section here.

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Key Way Group Ltd is the holding company of Key Way Investments Ltd, JME Financial Services (Pty) Ltd and Key Way Markets Ltd. Key Way Investments Ltd operates CAPEX.com and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) (license no. 292/16) with branches in Romania and Spain, and registered with the Romanian Financial Supervisory Authority (ASF) (registration no. PJM01SFIM/400013), and with the Spanish National Securities Market Commission (CNMV) (registration no. 129), respectively. JME Financial Services (Pty) Ltd operates za.capex.com and is authorized and regulated by the South African Financial Sector Conduct Authority (FSCA) (license no.37166). Key Way Markets Ltd operates ae.capex.com and is authorized and regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (license no. 190005). KW Investments Ltd operates sc.capex.com and is authorized and regulated by the Seychelles Financial Services Authority (FSA) (SD020).